Twin Focus Capital Partners LLC Purchases New Holdings in Peloton Interactive, Inc. (NASDAQ:PTON)

Twin Focus Capital Partners LLC purchased a new stake in Peloton Interactive, Inc. (NASDAQ:PTON) in the 4th quarter, HoldingsChannel reports. The fund purchased 48,000 shares of the company’s stock, valued at approximately $292,000.

Several other hedge funds have also made changes to their positions in the company. Syon Capital LLC purchased a new stake in shares of Peloton Interactive in the 4th quarter valued at approximately $122,000. Plustick Management LLC increased its stake in Peloton Interactive by 52.0% in the 4th quarter. Plustick Management LLC now owns 1,475,000 shares of the company’s stock valued at $8,983,000 after buying an additional 504,875 shares during the period. Patient Capital Management LLC increased its stake in Peloton Interactive by 32.7% in the 4th quarter. Patient Capital Management LLC now owns 6,196,285 shares of the company’s stock valued at $37,735,000 after buying an additional 1,527,471 shares during the period. Honeycomb Asset Management LP acquired a new position in Peloton Interactive in the 4th quarter valued at approximately $3,045,000. Finally, CastleKnight Management LP increased its stake in Peloton Interactive by 315.0% in the 4th quarter. CastleKnight Management LP now owns 198,800 shares of the company’s stock valued at $1,211,000 after buying an additional 150,900 shares during the period. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Insider Buying and Selling at Peloton Interactive

In other Peloton Interactive news, insider Andrew S. Rendich sold 27,741 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $3.91, for a total value of $108,467.31. Following the transaction, the insider now directly owns 113,288 shares in the company, valued at $442,956.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Andrew S. Rendich sold 27,741 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $3.91, for a total value of $108,467.31. Following the completion of the sale, the insider now owns 113,288 shares of the company’s stock, valued at $442,956.08. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Chris Bruzzo sold 14,936 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $3.62, for a total transaction of $54,068.32. Following the completion of the sale, the chief executive officer now directly owns 38,680 shares of the company’s stock, valued at approximately $140,021.60. The disclosure for this sale can be found here. Corporate insiders own 3.28% of the company’s stock.

Peloton Interactive Stock Performance

PTON traded up $0.10 during trading on Friday, reaching $3.81. 8,302,747 shares of the stock were exchanged, compared to its average volume of 16,735,253. The stock has a market cap of $1.41 billion, a P/E ratio of -1.81 and a beta of 2.04. Peloton Interactive, Inc. has a twelve month low of $2.70 and a twelve month high of $9.87. The stock’s 50 day moving average price is $3.53 and its two-hundred day moving average price is $4.59.

Peloton Interactive (NASDAQ:PTON) last released its quarterly earnings data on Thursday, May 2nd. The company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.06). The business had revenue of $717.70 million for the quarter, compared to analysts’ expectations of $720.85 million. During the same quarter in the prior year, the company posted ($0.79) EPS. Peloton Interactive’s revenue was down 4.2% on a year-over-year basis. Equities research analysts predict that Peloton Interactive, Inc. will post -1.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Bank of America dropped their price target on shares of Peloton Interactive from $4.00 to $3.25 and set an “underperform” rating on the stock in a research note on Monday, April 29th. BMO Capital Markets dropped their price target on shares of Peloton Interactive from $7.50 to $6.50 and set a “market perform” rating on the stock in a research note on Friday, May 3rd. Oppenheimer restated an “outperform” rating on shares of Peloton Interactive in a research note on Tuesday, May 7th. Sanford C. Bernstein lowered shares of Peloton Interactive from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $8.00 to $3.80 in a research note on Friday, May 3rd. Finally, Macquarie dropped their price target on shares of Peloton Interactive from $4.50 to $2.53 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $5.14.

Peloton Interactive Company Profile

Peloton Interactive, Inc operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names.